Far far far, as in across the Pacific ocean! I saw a documentary that said most of the condos are owned by collections of families, is that right? And they buy

Far far far, as in across the Pacific ocean! I saw a documentary that said most of the condos are owned by collections of families, is that right? And they buy third and fourth homes too. They all sit empty. Fueled buy municipal loans. What will happen to the families who own all those condos that become worthless?